Access a flexible revolving credit line up to 65% of your home's value. Pay interest only on what you use.
A Home Equity Line of Credit (HELOC) is a revolving credit line secured against your property. Unlike a traditional loan, you only pay interest on the amount you draw — not on your entire credit limit.
In Canada, you can access up to 65% of your home's appraised value through a standalone HELOC, or up to 80% combined (mortgage + HELOC) if structured as a readvanceable mortgage.
$900K home · $350K mortgage
Lenders allow up to 65% LTV for standalone HELOC
Find out how much equity you can access.
Draw as you need funds across your renovation project. Pay interest only during construction, then repay as you can.
Use equity to invest in RRSP, TFSA, or real estate. Interest may be tax-deductible when funds are used for investment purposes.
Lenders in our network can fund post-secondary education costs through a HELOC at mortgage-comparable rates — typically far lower than student loans or personal lines of credit.
Establish a HELOC as a high-limit emergency buffer. You pay nothing unless you draw on it — but it's there when you need it.
| Lender | Rate | Monthly Interest* |
|---|
* Monthly interest-only payment based on $100,000 drawn. Rates are variable and will change with Prime Rate.
Source: Compiled from publicly available lender rate sheets. Updated regularly. Rates are not offers of credit — actual rates depend on individual qualifications. Verify with lenders or a licensed mortgage broker.
Let us help you access it at a highly competitive rate.
Read: HELOC vs Refinance →